CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operations:
Net earnings (loss)	$ (161)	$ 586
Noncash charges to earnings (loss):
Depreciation, depletion and amortization	247	239
Basis of real estate sold	81	34
Deferred income taxes, net	(166)	25
Pension and other postretirement benefits (Note 7)	496	55
Share-based compensation expense	16	18
Change in:
Receivables, less allowances	(87)	(101)
Receivables and payables for taxes	(25)	15
Inventories	(32)	(36)
Prepaid expenses	3	(1)
Accounts payable and accrued liabilities	45	(70)
Pension and postretirement benefit contributions and payments	(27)	(32)
Other	(8)	1
Net cash from operations	382	733
Cash flows from investing activities:
Capital expenditures for property and equipment	(112)	(144)
Capital expenditures for timberlands reforestation	(31)	(34)
Proceeds from note receivable held by variable interest entities (Note 6)	253	0
Other	19	29
Net cash from (used in) investing activities	129	(149)
Cash flows from financing activities:
Cash dividends on common shares	(507)	(485)
Net proceeds from issuance of long-term debt (Note 9)	739	0
Payments on long-term debt (Note 9)	(512)	(62)
Proceeds from borrowings on line of credit (Note 9)	385	0
Payments on line of credit (Note 9)	(670)	0
Proceeds from exercise of stock options	4	48
Repurchases of common shares (Note 4)	(60)	0
Other	(12)	(8)
Net cash used in financing activities	(633)	(507)
Net change in cash and cash equivalents	(122)	77
Cash and cash equivalents at beginning of period	334	824
Cash and cash equivalents at end of period	212	901
Cash paid during the period for:
Interest, net of amount capitalized of $2 and $6	187	172
Income taxes	$ 51	$ 58